Trading with point and figure

cantagril said:
Stopped out at 475 -25

Looking to Long again a bit further down 440-460 area
Click to expand...

Well, that was a rubbish trade. Had another look at the charts and decided that the entry point should have been about where I got stopped out. Off to the pub to drown my sorrows:)
 
Last edited by a moderator:
some supp levels lower down

mltaaa.jpg
 
ML: Interesting chart that. I printed out a 5 minute one (8x3) earlier on and I'm sitting in the Bear Garden of the appropriately named Moon Under Water looking at levels. I can't post it because I haven't got BEB on my tablet.

On that chart I see plenty of congestion around 442 to 466 so I've got an order in at 440.
 
cantagril said:
ML: Interesting chart that. I printed out a 5 minute one (8x3) earlier on and I'm sitting in the Bear Garden of the appropriately named Moon Under Water looking at levels. I can't post it because I haven't got BEB on my tablet.

On that chart I see plenty of congestion around 442 to 466 so I've got an order in at 440.
Click to expand...


...and filled. That was quick. So now long at 440.
 
I just closed a short @ 12450,,that makes me net long. Not sure that's the correct bias ATM. Let's see.
 
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